Trump, Obama Agree On One thing And It Is Dangerous {News} For Russia

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U.S. President Donald Trump mentioned on Wednesday he was contemplating sanctions over Russia’s Nord Stream 2 pure gasoline pipeline undertaking and warned Germany in opposition to being depending on Russia for the gas.

“We’re defending Germany from Russia and Russia is getting billions and billions of {dollars} from Germany,” Trump instructed reporters at an look with Polish President Andrzej Duda on the White Home.

Nord Stream 2, a 760-mile (1,225-km) pipeline undertaking to ship gasoline from Russia below the Baltic Sea to Germany, would double the capability of the prevailing Nord Stream pipeline and has divided the European Union.

Japanese European, Nordic and Baltic Sea nations see the pipeline as growing Moscow’s financial grip on Europe. However many politicians and vitality firms in Germany help Nord Stream 2 as a result of the nation, Europe’s greatest financial system, wants regular gasoline provides because it seeks to wean itself off of coal and nuclear energy.

Nord Stream 2 is led by Russian state gasoline producer Gazprom , with 50% of the funding offered by Germany’s Uniper and BASF’s Wintershall unit, Anglo-Dutch agency Shell, Austria’s and France’s Engie .

U.S. Power Secretary Rick Perry mentioned final month {that a} sanctions invoice placing onerous restrictions on firms concerned within the undertaking would come within the “not too distant future.”

Any sanctions on European firms concerned within the undertaking might enhance friction with nations together with Germany, Austria and France.

Perry has visited Europe to advertise U.S. exports of liquefied pure gasoline (LNG) to assist it diversify its sources of pure gasoline past Russia, which has sometimes stopped shipments of gasoline through Ukraine throughout occasions of pricing disputes.

Are Trump and Obama right?

The administration of former President Barack Obama additionally opposed Nord Stream 2.

Trump mentioned Nord Stream 2 “actually makes Germany a hostage of Russia if issues ever occur that have been dangerous.”

U.S. LNG firms have made some long run offers with European nations, however the shipments are additionally typically costlier than gasoline despatched by pipeline from Russia.

Earlier on Wednesday on the White Home, Polish Oil and Gasoline Firm (PGNiG) signed a deal to buy 1.5 million metric tons of LNG per yr from U.S. firm Enterprise World LNG beginning in 2023, bringing its whole deliberate purchases from the corporate to three.5 million metric tons per yr.

Poland will get most of its gasoline from Russia, however its long-term contract for gasoline provides from Gazprom ends in 2022. Poland additionally signed an settlement with U.S. officers on civilian nuclear energy cooperation.

Reuters contributed to this report.

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